First Acceptance (FAC) Receiving Somewhat Positive Press Coverage, Study Shows

Media stories about First Acceptance (NYSE:FAC) have trended somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Acceptance earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.2907738766111 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

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Separately, TheStreet raised First Acceptance from a “d” rating to a “c-” rating in a report on Tuesday, November 28th.

Shares of First Acceptance stock traded up $0.06 during midday trading on Friday, hitting $0.95. The company had a trading volume of 116,719 shares, compared to its average volume of 40,945. The company has a market cap of $39.17, a P/E ratio of -4.75 and a beta of 1.02. First Acceptance has a 1-year low of $0.78 and a 1-year high of $1.51. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.08.

First Acceptance (NYSE:FAC) last announced its quarterly earnings results on Tuesday, March 6th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $82.05 million during the quarter. First Acceptance had a negative return on equity of 11.95% and a negative net margin of 2.48%.

In other First Acceptance news, Director Rhodes R. Bobbitt bought 27,201 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were purchased at an average price of $0.94 per share, with a total value of $25,568.94. Following the purchase, the director now directly owns 479,661 shares of the company’s stock, valued at $450,881.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kenneth D. Russell bought 100,000 shares of the business’s stock in a transaction on Wednesday, March 21st. The shares were acquired at an average cost of $0.92 per share, for a total transaction of $92,000.00. Following the purchase, the chief executive officer now directly owns 664,000 shares in the company, valued at $610,880. The disclosure for this purchase can be found here. In the last three months, insiders purchased 142,151 shares of company stock worth $130,276. Company insiders own 9.50% of the company’s stock.

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About First Acceptance

First Acceptance Corporation is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. The Company operates in two segments: Insurance, and Real estate and corporate. Its insurance operations are engaged in selling non-standard personal automobile insurance products and related products in over 20 states.

Insider Buying and Selling by Quarter for First Acceptance (NYSE:FAC)

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